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Aug 3, 2011
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ceiling, the debt deal and cuts in spending. we are waiting to hear that. we have heard from smaller and non-u.s. ratings agencies that they already decided to downgrade the united states. >> the debt ceiling fight is behind us for now but an ugly economy lies ahead. thank you very much. appreciate it. >>> with the debt negotiations officially over, congress on recess until september. but one issue has quietly slipped through the cracks. a battle over the federal aviation administration and its budget. the senate tried and failed yesterday to end the stalemate that left tens of thousands of workers out of work and without paychecks. lisa myers has the story. >> reporter: in the last ten days, 241 airport modernization projects around the country have been shut down. laying off 70,000 construction workers. also sent home without paychecks, 4,000 faa employees. >> we feel like we're pawns in a political game. >> reporter: dan, an faa engineer in pittsburgh, says the loss of pay hurts everyone. >> >> i'm concerned with whether or n
ceiling, the debt deal and cuts in spending. we are waiting to hear that. we have heard from smaller and non-u.s. ratings agencies that they already decided to downgrade the united states. >> the debt ceiling fight is behind us for now but an ugly economy lies ahead. thank you very much. appreciate it. >>> with the debt negotiations officially over, congress on recess until september. but one issue has quietly slipped through the cracks. a battle over the federal aviation...
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Oct 1, 2013
10/13
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are they discounting likelihood of a possibility of a debt ceiling -- debt default that really would have catastrophic consequences? >> i think there is a misunderstanding between wall street and washington on this. there is an understandably general sense that these crises are always resolved at the last minute and that's probably right. but you'll have a bunch of wall street ceos in town tomorrow, that will go to the white house and talk to the president and go up to the hill and make phone calls. we cannot get close to the october 17th day because interest rates will start going up and markets will go down. there will be pressure there. tea party conservatives don't care what wall street says. i think the small group of moderate republicans and some wall street republicans that still exist, that argument will carry weight that it's dangerous to do this close to the dead limit. that may be the forcing mechanism. but we're talking about a shut down for two weeks that hits confidence any way and we have a economic hit regardless. it would be too bad if we waited until the october 17t
are they discounting likelihood of a possibility of a debt ceiling -- debt default that really would have catastrophic consequences? >> i think there is a misunderstanding between wall street and washington on this. there is an understandably general sense that these crises are always resolved at the last minute and that's probably right. but you'll have a bunch of wall street ceos in town tomorrow, that will go to the white house and talk to the president and go up to the hill and make...
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Jul 29, 2011
07/11
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the debt ceiling is a man made cap that alleviates debt. and it's been raised dozens of times by republicans and democrats. but not this time. this time republicans are using the debt ceiling to wring massive spending cuts out of democrats. john boehner, the republican speaker of the house, wrote a bill this week to raise the debt ceiling. tonight he is still trying to get republican support for it. for the speaker's reputation and career, this bill must pass the republican-controlled house. which is why we're all here tonight watching congress pull what could be an all nighter. complete are 19 boxes of pizza like everything else, they, must, too, must go through the metal detector. if the boehner bill passes, it will go to the senate tonight. word is all but guaranteed to die. but until then, x-rayed pizza pies for all. now for more on the evolving situation in this hour, i go to my colleague lawrence o'donnell to join me. he's, of course, the host of "the last word" and a former senate democratic staffer who predicted this on election nig
the debt ceiling is a man made cap that alleviates debt. and it's been raised dozens of times by republicans and democrats. but not this time. this time republicans are using the debt ceiling to wring massive spending cuts out of democrats. john boehner, the republican speaker of the house, wrote a bill this week to raise the debt ceiling. tonight he is still trying to get republican support for it. for the speaker's reputation and career, this bill must pass the republican-controlled house....
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Jul 27, 2011
07/11
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ceiling would be -- the debt limit would be rather extended. so this issing in in the grand scheme of things is another procedure delay. the vote was supposed to be later this afternoon. it's now on thursday. for folks, as you know, it means that the situation is more dire as we get to august 2nd because this was one possible vehicle to a solution. you heard harry reid say they weren't going to pass it at all. that's true on its face. it would have difficulty going to the senate and getting through, but the general consensus was that this was get out of the house through some way. if boehner's able to reach 217. and it would be amended in the senate by harry reid and that would ultimately be presented to the president. that's now out the window. and there is really no clear way forward right now. >> so, luke, bottom line for us, on august 2nd, is there any way? i mean it seems hard to get there from right now. that the house not only passes the bill but one that will pass the senate and will be signed by the president? >> as of right now, i thi
ceiling would be -- the debt limit would be rather extended. so this issing in in the grand scheme of things is another procedure delay. the vote was supposed to be later this afternoon. it's now on thursday. for folks, as you know, it means that the situation is more dire as we get to august 2nd because this was one possible vehicle to a solution. you heard harry reid say they weren't going to pass it at all. that's true on its face. it would have difficulty going to the senate and getting...
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Jan 8, 2013
01/13
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that would also increase the debt ceiling. so no, congressman salmon, it is not about time that we have a debt ceiling shut down. it is about time we do something to make sure that never happens. >>> john brennan is the man president obama nominated to run the cia. he is also the man who helped create america's policy of drone war fare. that is next. enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept, suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal events including infections, tuberculosis, lymphoma, other cancers, and nervous system and blood disorders have occurred. before starting enbrel, your doctor should test you for tuberculosis and discuss whether you've been to a region where certain fungal infections are common. don't start enbrel if you have an infection like the flu. tell your doctor if you're prone to infections, have cuts or sores, have had hepatitis b, have been treated for heart failure, or if, while on enbrel, you ex
that would also increase the debt ceiling. so no, congressman salmon, it is not about time that we have a debt ceiling shut down. it is about time we do something to make sure that never happens. >>> john brennan is the man president obama nominated to run the cia. he is also the man who helped create america's policy of drone war fare. that is next. enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept, suppresses your immune system, it may lower...
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Oct 6, 2021
10/21
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ceiling and if democrats agree to change that rule because the debt ceiling is so important, then the conversation will continue among democrats about what else might be as important as preserving the full faith and credit of the united states of america, is preserving democracy itself as important or even more important than preserving the full faith and credit of the united states? if it is, democrats will have to eliminate the 60-vote threshold for voting rights legislation by impoing the 60-vote threshold mitch mcconnell is showing the absurdity of the threshold for anything in the united states senate. senate democrats are still struggling to meet the 50-vote threshold necessary to pass the tax and social policy portion of the biden infrastructure package through the reconciliation package in the senate and once again today, senator kyrsten sinema mocked the very concept of public accountability. >> senator, where are you on the reconciliation? senator, i'm wondering why you feel you don't have to say literally anything about this publicly to the people that voted for you and did
ceiling and if democrats agree to change that rule because the debt ceiling is so important, then the conversation will continue among democrats about what else might be as important as preserving the full faith and credit of the united states of america, is preserving democracy itself as important or even more important than preserving the full faith and credit of the united states? if it is, democrats will have to eliminate the 60-vote threshold for voting rights legislation by impoing the...
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Oct 5, 2021
10/21
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ceiling, this debt ceiling we'll have to do it on our own and it's just ridiculous. it's hard to not laugh at it but this is the full faith and credit of our country. this is about whether veterans' benefits and medicare payments and social security gets paid. this is about whether our economy is teetering right now, it is not a laughing matter and really outrageous that mcconnell continues to use the senate rules for political power to stand up to him. >> not just mitch mcconnell. this is lindsey graham talking about the real goal and allowing defaulting on the debt and a specific dollar figure opens the door for republicans and impacts on democratic income wants. he said i won't be a complete a hole but i'll make them take votes. what republicans are doing is they want them up for reelection to raise the debt limit on their own so then republicans can turn around and say ah, ha they're the big spenders. he's going to lose money, too. republicans like mitt romney will lose millions and millions of dollars, too. they will hurt themselves. do they have a plan to raise
ceiling, this debt ceiling we'll have to do it on our own and it's just ridiculous. it's hard to not laugh at it but this is the full faith and credit of our country. this is about whether veterans' benefits and medicare payments and social security gets paid. this is about whether our economy is teetering right now, it is not a laughing matter and really outrageous that mcconnell continues to use the senate rules for political power to stand up to him. >> not just mitch mcconnell. this...
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Aug 5, 2011
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for two weeks we were all focused on the debt ceiling. but we were not focused on what was really happening to growth in the united states. we were not really focused on what was happening in italy and spain which i know usually you see the numbers in italy and spain, your eyes glaze over -- nobody wants to care. yet that's really what's driving all of this right now. if those markets really tumble which they have, and there's real worries about what's happening in europe, the contagion issue is what's -- that is what's got people so nervous. and in a way because we were so focused on the debt ceiling, i think we missed that. then suddenly we got the debt ceiling deal and we woke up and said, oh, but there's always these other problems. >> and we know that angela merkel and sarkozy are having an emergency call this afternoon. so much of this comes from europe. is there a sense at all that some of this, what happens to the dow, is out of our hands and that it's coming from europe? >> sadly, i think there is some of that. there's no questio
for two weeks we were all focused on the debt ceiling. but we were not focused on what was really happening to growth in the united states. we were not really focused on what was happening in italy and spain which i know usually you see the numbers in italy and spain, your eyes glaze over -- nobody wants to care. yet that's really what's driving all of this right now. if those markets really tumble which they have, and there's real worries about what's happening in europe, the contagion issue...
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Oct 2, 2013
10/13
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republicans are no doubt going to start talking about the debt ceiling, the debt ceiling. here's the problem. now you're starting to play a really dangerous economic and political game. and the consequences are far greater than political. and so you hope for reason, but i don't see any reason in the republican party. >> well, if john boehner isn't going to move, is there anybody else that could help move them? i want to play what michael grimm, another member of that coalition ready to deal, said this morning. >> my goal is to work with members like peter king and others to put a coalition together, you know, charlie dent has been at the forefront of this as well, to work with members like that to get enough members to go to leadership and say, listen, this is where we think we should go and this is our strategy. but all we can do is try. >> john, could members actually sway john boehner, a small, relatively small group of moderate members like that? >> the speaker has these guys on the left side of the caucus, you have the guys on the far right, he's got to balance somewh
republicans are no doubt going to start talking about the debt ceiling, the debt ceiling. here's the problem. now you're starting to play a really dangerous economic and political game. and the consequences are far greater than political. and so you hope for reason, but i don't see any reason in the republican party. >> well, if john boehner isn't going to move, is there anybody else that could help move them? i want to play what michael grimm, another member of that coalition ready to...
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Sep 23, 2021
09/21
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on the debt ceiling. >> it's called the republicans out over this. are you kidding me? on the debt ceiling. when donald trump was president and needed to raise it over and over again, democrats said we get it. and what are we trying to raise the debt ceiling for now? for the debts incurred during the trump administration. >> "washington post" has an assessment from the folks at moody's. it says a failure to come to an agreement on this debtd ceiling, brings the u.s. into an immediate recession. can wipe out as much as $15 trillion in household wealth and cost our economy up to 6 million jobs. it will be interesting to watch schumer get this done and in a moment we have a guest on who can talk about just that. amid all this, we learned another item on biden's agenda will not become law. bit partisan police reform bill talks have collapsed. the effort had gained widespread support after the killing of george floid, but after cory booker, democrat of new jersey, tim scott, republican of south carolina, well,
on the debt ceiling. >> it's called the republicans out over this. are you kidding me? on the debt ceiling. when donald trump was president and needed to raise it over and over again, democrats said we get it. and what are we trying to raise the debt ceiling for now? for the debts incurred during the trump administration. >> "washington post" has an assessment from the folks at moody's. it says a failure to come to an agreement on this debtd ceiling, brings the u.s. into...
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Jan 15, 2013
01/13
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but they want it separated from debt ceiling. >> let's talk about this debt ceiling thing, howard. do you think the press objectively can report the way the president tried to sell it, which is if this government can't pay its debts, refuses to pay it because of the debt ceiling, is that the republican decision or is it going to be played, conflict in washington, gridlock, both parties to blame? >> well, the president said in the press conference i think people will blame all of washington, but he didn't mean it. and he doesn't believe it. he thinks, and i think rightly thinks, that the political onus will be on the republicans. the president said we aren't a deadbeat nation, which is one of many great quotes in that press conference. >> i like that word, deadbeat. >> we aren't a deadbeat nation, and he said the republicans will turn us into a deadbeat nation if they do what they're threatening -- >> if somebody else objects to the question, if there's a different answer, i'll accept it. did the democrats ever play the game of not paying the bills of the united states government as
but they want it separated from debt ceiling. >> let's talk about this debt ceiling thing, howard. do you think the press objectively can report the way the president tried to sell it, which is if this government can't pay its debts, refuses to pay it because of the debt ceiling, is that the republican decision or is it going to be played, conflict in washington, gridlock, both parties to blame? >> well, the president said in the press conference i think people will blame all of...
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Oct 4, 2013
10/13
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if we do not raise the debt ceiling. my feeling is the government still be taking in taxes and 80% of the revenue it needs to meet -- >> hasn't the administration said we're talking millions of payments that they have no way, no mechanism by which they can prioritize those payments. >> if we can run world war ii, they can prioritize the payments. you have to do it before october 17th. and with the treasury doesn't tell us what the backup plan would be. i'm not saying they have a backup plan. i'm saying they should have one. that's not to relief the republicans of responsibility to cooperate with the president and we can debate on who is compromising and who's not. it doesn't have to be. the revenues are there to deal with this and the question is will they. in regard to what jared said, bond yields overall at a very low level. however, insurance cost, that has spiked. >> right. >> i want to be -- i wasn't exactly sure what peter was saying there, but if he's saying that somehow we can prioritize our payments and not defa
if we do not raise the debt ceiling. my feeling is the government still be taking in taxes and 80% of the revenue it needs to meet -- >> hasn't the administration said we're talking millions of payments that they have no way, no mechanism by which they can prioritize those payments. >> if we can run world war ii, they can prioritize the payments. you have to do it before october 17th. and with the treasury doesn't tell us what the backup plan would be. i'm not saying they have a...
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Oct 6, 2021
10/21
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if we were to crash into the debt ceiling. and so, my confidence in republican senators especially, own personal interest, in their own personal wealth, has always guided me, through the panic stages of the debt ceiling raisman ship. with that expectation. but this time, it does include this inner realm, that mitch mcconnell is teaching the democrats, that joe manchin, the angus king, the people who've been holding back on that notion, of adjusting the 60 vote threshold, he's teaching them, the best lesson yet this year. that's actually happening. on the senate floor at the moment. about why that 60 vote threshold needs to go. >> i mean, everything that's terrifying, everything that is dysfunctional in our politics can in some ways be attributed at this point to, filibuster. it's not only the debt ceiling, although, joe biden is still working to put together 50 votes for this reconciliation package. the only reason that he has to legislate, in this ridiculous way, that he has to cram his entire legislative agenda, to be put in
if we were to crash into the debt ceiling. and so, my confidence in republican senators especially, own personal interest, in their own personal wealth, has always guided me, through the panic stages of the debt ceiling raisman ship. with that expectation. but this time, it does include this inner realm, that mitch mcconnell is teaching the democrats, that joe manchin, the angus king, the people who've been holding back on that notion, of adjusting the 60 vote threshold, he's teaching them, the...
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Jan 14, 2013
01/13
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ceiling or the debt limit. where do we go from here? joining me now live mark murray. mark, obviously, the first thing at least some conservatives brought up with the president is that he has taken a different stance in the past when it came to the debt ceiling. >> well, in 2006, then senator barack obama ended up voting against a raise in the debt ceiling. republicans have seized on that saying that the position that president obama's taking today and also in 2011 is inconsistent with that 2006 vote. there is one very big difference between now and 2006. 2006 there wasn't this kind of big protracted battle over the debt ceiling at all. it wasn't a big issue. i was covering politics for nbc at the time. the debt ceiling increase was seen as a procedure and a very partisan vote then but not something you were reporting on for weeks and months like we have in 2011 then and now on the debt ceiling debate and, of course, what happened in 2011 was a loss to the nation's credit rating. there's big differences between
ceiling or the debt limit. where do we go from here? joining me now live mark murray. mark, obviously, the first thing at least some conservatives brought up with the president is that he has taken a different stance in the past when it came to the debt ceiling. >> well, in 2006, then senator barack obama ended up voting against a raise in the debt ceiling. republicans have seized on that saying that the position that president obama's taking today and also in 2011 is inconsistent with...
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Sep 22, 2021
09/21
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are you kidding me on the debt ceiling? when donald trump was president and needed the raise the dead ceiling over and over democrats said, yep, we get it. what are we trying to raise it for now? to cover the debts that were incurred during the trump administration. and the republicans want to turn around and play political games with that? they want to threaten to blow up the entire economy and actually the world economy over that? they want to throw our good name in the toilet for their political gains? no. where i am right now is to call out the republicans who are saying that they are going to behave so irresponsibly as not to vote to increase the debt limit. keep in mind this is not about future spending. this is about honoring the promises we made in the trump administration. >> so you're calling out republicans. is then your bet that senator mitch mcconnell will budge? >> i don't see how he doesn't. how long will they play the political games before the rest of america calls them out? i'll call them out but all of am
are you kidding me on the debt ceiling? when donald trump was president and needed the raise the dead ceiling over and over democrats said, yep, we get it. what are we trying to raise it for now? to cover the debts that were incurred during the trump administration. and the republicans want to turn around and play political games with that? they want to threaten to blow up the entire economy and actually the world economy over that? they want to throw our good name in the toilet for their...
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Aug 22, 2013
08/13
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we have a debt ceiling fight. the last time the debt ceiling came up at the beginning of this year, the republicans folded quickly. they agreed to a debt siege increase in exchange for a meaningless budget resolution that was never going to become law. once we get past september 30th and they've passed some sort of bill that continues to fund the government, then we'll start hearing from john boehner. don't pick the fight over the debt ceiling. it would be terrible for the economy, and therefore terrible for republicans. this is a threat that they have to make right now. i don't think we'll get anywhere close to the debt ceiling this time just like we avoided having a very serious fight over it this year. >> josh, always great to have you here. thank you for being sane. you cannot say that for very many people. >> i do my best. >>> coming up next, for all the crime time headlines, is the country getting more or less dangerous. what do you think? "the cycle" rolls on for thursday, august 22nd. it's almost the weeke
we have a debt ceiling fight. the last time the debt ceiling came up at the beginning of this year, the republicans folded quickly. they agreed to a debt siege increase in exchange for a meaningless budget resolution that was never going to become law. once we get past september 30th and they've passed some sort of bill that continues to fund the government, then we'll start hearing from john boehner. don't pick the fight over the debt ceiling. it would be terrible for the economy, and...
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Aug 20, 2013
08/13
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the debt ceiling is an even worse idea. as the national review reported, house leadership is engaged in political wink wink kabuki theater where they have to entertain every single harebrained idea that the right flank has to placate them. the question is, at the end of the day, can they bring them back from the brink. i think over the bush tax cuts and plan b, we saw john boehner completely fail there his grasp on the most rowdy members of his caucus seems to be loosening. you would think based on reason alone something would bring them back from the precipice but i think the country, political watchers, you and i get less and less convinced by the day that is evaporating. tea party hero rand paul stated it plainly. shut down is a bad idea he said. we'll take a listen to him. >> i don't think shutting down the government is a good idea but i do think we were elected, conservatives were elected to try to stop this overreach, this government takeover of health care. when the government's divided we should use the leverage of
the debt ceiling is an even worse idea. as the national review reported, house leadership is engaged in political wink wink kabuki theater where they have to entertain every single harebrained idea that the right flank has to placate them. the question is, at the end of the day, can they bring them back from the brink. i think over the bush tax cuts and plan b, we saw john boehner completely fail there his grasp on the most rowdy members of his caucus seems to be loosening. you would think...
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Sep 19, 2013
09/13
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ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party. and trying to force issues that have nothing to do with the budget and have nothing to do with the debt. >> senate democrats say they will reject any house bill that strips money from the president's health care law. >>> moving now to an nbc exclusive. for the first time, millions of americans are hearing from the new president of iran. ann curry flew to rap to interview the leader. he says iran and people are now a different country, one willing to make a deal. >> can you say that iran will not build a nuclear weapon under any circumstances? >> translator: the answer to this question is quite obvious. we have time and again said that under no circumstances would be seek any weapons of mass destruction including nuclear weapons. nor will we ever. >> he also confirmed he has exchanged letters with president obama. he calls them tiny steps for an important future. that future starts next week. at the u.n. where a meeting with mr. obama is not off the table. the white house says i
ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party. and trying to force issues that have nothing to do with the budget and have nothing to do with the debt. >> senate democrats say they will reject any house bill that strips money from the president's health care law. >>> moving now to an nbc exclusive. for the first time, millions of americans are hearing from the new president of iran. ann curry flew to rap to interview...
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Sep 22, 2021
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the bill will also suspend the debt ceiling through the end of 2022, suspending the debt ceiling is how the republican congress managed to avoid raising the debt ceiling during the trump presidency. the bill also provides $6.3 billion for the resettlement of the afghan refugees and $28.6 billion in disaster relief in the aftermath of two recent hurricanes. nbc news is reporting, quote, president biden is expected to host multiple in-person meetings with groups of house democrats tomorrow to build consensus around his build back better infrastructure and social spending packages. joining us now is democratic congresswoman katie porter of california. she's a member of the house oversight committee. congresswoman porter, thank you very much for joining us tonight, and what time is your meeting with joe biden tomorrow? >> well, i have not yet been invited, but i'm hopeful that the president is going to continue to do the good work that he's done reminding people that what this is about, it's not about democrats or republicans or progressives or moderates. it's about the american people, and
the bill will also suspend the debt ceiling through the end of 2022, suspending the debt ceiling is how the republican congress managed to avoid raising the debt ceiling during the trump presidency. the bill also provides $6.3 billion for the resettlement of the afghan refugees and $28.6 billion in disaster relief in the aftermath of two recent hurricanes. nbc news is reporting, quote, president biden is expected to host multiple in-person meetings with groups of house democrats tomorrow to...
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Oct 2, 2013
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. >> collision course with the debt ceiling looming. can they breakthrough the budget battle before the fiscal cliff? and the closings are sparking protests and outrage. >> right now i'm terrified. i'm terrified. they had to live on what most of us work at and live on, they couldn't make it. >> good day. i'm andrea mitchell in new york. it's day two of the government shutdown. so far party leaders are digging in their heels, but could they be about to break under the pressure? the president has called john boehner, nancy pelosi, mitch mcconnell and harry reid to the white house this afternoon. joining me mow for our daily fix, chris cillizza, and nbc capitol hill correspondent kelly o'donnell. kelly, first to you. what do you expect? are there any signs a all of negotiating or of beginning to budge on this, especially if the white house is saying consistently that they are not going to change their position on obama care? >> well, ann dree yarks i think there are new activities, but does that mean there's any new real movement? that i d
. >> collision course with the debt ceiling looming. can they breakthrough the budget battle before the fiscal cliff? and the closings are sparking protests and outrage. >> right now i'm terrified. i'm terrified. they had to live on what most of us work at and live on, they couldn't make it. >> good day. i'm andrea mitchell in new york. it's day two of the government shutdown. so far party leaders are digging in their heels, but could they be about to break under the pressure?...
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Jan 16, 2013
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debt ceiling as a leverage point to get the president to agree to the cuts? >> i think that would be a grave mistake. i don't think that would solve anything. i know they're going to try it. how far we'll go, i have no idea. if you're a real conservative, really honest conservative without hypocrisy, you want to pay your debt. and that's what this is. they're not running up anything new. >> former senator chuck hagel, the man nominated to be the next secretary of defense picked up two key voices of support, chuck schumer and barbara boxer. two prominent democrats. they spoke separately with hagel to discuss the record. hagel eased their concerns after spelling out where he stands on issues ranging from iran and israel. to the treatment of gays in the military. there will be plenty of pageantry during president obama's inauguration on monday. the official swearing in will have taken place the day before. you see the constitution requires a president's term to start on january 20th which falls on a sunday this year. john roberts will administer the oath of offi
debt ceiling as a leverage point to get the president to agree to the cuts? >> i think that would be a grave mistake. i don't think that would solve anything. i know they're going to try it. how far we'll go, i have no idea. if you're a real conservative, really honest conservative without hypocrisy, you want to pay your debt. and that's what this is. they're not running up anything new. >> former senator chuck hagel, the man nominated to be the next secretary of defense picked up...
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Sep 21, 2021
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we raise the debt ceiling because america can't default. that would be a disaster. >> so in a burst of media savvy democrats put that out to show the hypocrisy of mitch mcconnell. avoiding a shut down, when you add in things like infrastructure and voting rights. we will get to mcconnell in a minute. but if you were to advise democrats on the same kind of campaign discipline democrats are used to seeing from republican campaigns of late, how do they achieve their goal? >> well, brian, i will point out, the people in the country who think republicans are the best messengers and campaigners of all times tend to be democrats, but the democrats have the house, white house and senate so let's not give them too much credit. you have to lift up what is happening in the infrastructure bill assuming that happens, the recovery act, child tax credit. it's important that we have a third election cycle where democrats get good enough turnout to win. every district and state has its nuances. this notion that the republicans can get great turnout again is
we raise the debt ceiling because america can't default. that would be a disaster. >> so in a burst of media savvy democrats put that out to show the hypocrisy of mitch mcconnell. avoiding a shut down, when you add in things like infrastructure and voting rights. we will get to mcconnell in a minute. but if you were to advise democrats on the same kind of campaign discipline democrats are used to seeing from republican campaigns of late, how do they achieve their goal? >> well,...
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ceiling in one chunk versus two chunks and if you look at the history of the debt ceiling increases, there really is no rhyme or reason. you can say they're always really long, really large. quite a few times they've only been six to nine months at a time. >> well, they've also never been tied to dollar for dollar and all these phony contrived things they've come up with. the republican leaders, eric cantor, mitch mcconnell have been clear about this up until the last few days they didn't want a short-term debt ceiling extension either. this is about politics. any fair observers, you've covered this carefully, would see that the president has gone more than half way to meet the republicans on this debate, more than halfway, and listen the republicans this morning are talking ability this as take it or leave it. we're going dump this on the senate on the president. my way or the highway. this kind of approach the american people are sick and tired of it. and as the president said monday night, the american people voted for divided government, they did not vote for dysfunctional govern
ceiling in one chunk versus two chunks and if you look at the history of the debt ceiling increases, there really is no rhyme or reason. you can say they're always really long, really large. quite a few times they've only been six to nine months at a time. >> well, they've also never been tied to dollar for dollar and all these phony contrived things they've come up with. the republican leaders, eric cantor, mitch mcconnell have been clear about this up until the last few days they didn't...
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ceiling. >> not raising the debt ceiling is not an automatic trigger for default. that's one thing. raising the debt ceiling and default are two different, use. we have enough coming in to service our debt. principal and interest. we have more than enough to service that. >> joining me now, msnbc contributor, former economic advise adviser, and the former treasury department chief of staff, now a senior fellow at center for am scan progress. jared, we saw last week in one day the cost of short term borrowing to the treasury double. that cost doubling in one day. a cost that i think most republican members of the house of representatives don't even know about. >> exactly. that cost continues to go up. this is exactly what you would expect if we start fooling around with the debt ceiling. called a risk premium. and it means that anyone who considers lending to u.s. government historically the safest creditor in the, in the world. would, would -- want to see some extra points if you will, on their interest rate in order to be covered for the kind of risks that folks l
ceiling. >> not raising the debt ceiling is not an automatic trigger for default. that's one thing. raising the debt ceiling and default are two different, use. we have enough coming in to service our debt. principal and interest. we have more than enough to service that. >> joining me now, msnbc contributor, former economic advise adviser, and the former treasury department chief of staff, now a senior fellow at center for am scan progress. jared, we saw last week in one day the...
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nothing happens if we pass the debt ceiling. that is, there's no political consequences for either party. if we don't pass the debt ceiling, the republicans are aware of that in their elections in 2022. there will not be a republican majority in either house if the debt ceiling doesn't pass because the stock market will collapse, jobs will hemorrhage, mcconnell knows that. mcconnell is just bluffing as usual, and i wouldn't want to see this for the sake of the country, but from a political point of view, i hope he carries out his threat because we're going to have a much bigger majority in both houses if he does that. >> you're speaking to the kind of republican or mcconnell denialism on every type of policy whether you're talking about the covid issues which in some instances could feint disagreement and others have political ploys that are leaving people sick or dead. it would affect the banks and wall street and affect a lot of normal working people, mya. >> yeah. >> senator warren was talking about this. take a listen. >> wh
nothing happens if we pass the debt ceiling. that is, there's no political consequences for either party. if we don't pass the debt ceiling, the republicans are aware of that in their elections in 2022. there will not be a republican majority in either house if the debt ceiling doesn't pass because the stock market will collapse, jobs will hemorrhage, mcconnell knows that. mcconnell is just bluffing as usual, and i wouldn't want to see this for the sake of the country, but from a political...
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president not to raise the debt ceiling. truman came into office nine days after the debt limit had been raised and actually lowered the limit one year after taking office. let's huddle up around the water cooler to hear grover norquist who has been at the center of this debt conversation roping scott brown's modeling career into the conversation. making the point that there is vulnerable republicans sitting out there in 2012. here's what he said. >> the republicans will take the senate in 2012 if you look at the 23 democrat seats up, half in reddish states and ten republican senate seats up, all in reasonably rop states with the possible exception of massachusetts and he's got $10 million in the bank and looking great in a bathing suit. >> take it back to june 1982, cover cosmo pal tan magazine. brown won the sexiest man in america. 22 years old. grover norquist was like no bathing suit. i don't know what bathing suit he's talking about. hugo chavez is working out to promote the healthy government healthy body campaign and
president not to raise the debt ceiling. truman came into office nine days after the debt limit had been raised and actually lowered the limit one year after taking office. let's huddle up around the water cooler to hear grover norquist who has been at the center of this debt conversation roping scott brown's modeling career into the conversation. making the point that there is vulnerable republicans sitting out there in 2012. here's what he said. >> the republicans will take the senate...
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the debt ceiling. he said this yesterday in boise, idaho. i have made it clear that we're not going to increase the debt limit without cuts and reforms that are greater than the increase in the debt limit. the president doesn't think this is fair. he thinks i'm being difficult to deal with. and leveraging the political process to produce more change than what it would produce if left to de-fund. we're going to have a whale of a fight. john boehner obviously thinks, a whale of a fight over the debt ceiling will help him fast the first deadline, the september 30th deadline for continuing the regular funding of government. the treasury expects to hit the debt limit a few weeks after that. but if john boehner expects a whale of a fight over the debt limit it is not going to be with this guy. >> i will not have a debate with this congress over whether or not they that pay the bills that they have already racked up through the laws that they passed. >> and if john boehner has any doubts about that, today, the treasury secretary said this. >> the p
the debt ceiling. he said this yesterday in boise, idaho. i have made it clear that we're not going to increase the debt limit without cuts and reforms that are greater than the increase in the debt limit. the president doesn't think this is fair. he thinks i'm being difficult to deal with. and leveraging the political process to produce more change than what it would produce if left to de-fund. we're going to have a whale of a fight. john boehner obviously thinks, a whale of a fight over the...
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ceiling, the debt limit, really left the president steamed. there's a lot that's personal here. can you have your strategists and consultants and got the personal emotion here. a president who felt very frustrated by what went on. could see the damage it was inflicting on his own polls and supporters through the summer, and has come out swinging as a result of that. and there's a reason for the consultants being happen we, that of course, because the big question out of the summer is about the strength of his leadership. well, you can assert your leadership by getting a lot of stuff done in corporation and this president has got plenty of a record to talk about, but you've also got to assert it by getting out there and talking a feisty strong way that makes those differences clear to voters, and i think for both those reasons, political and personal, this moment has come together at this time. >> alex, i also think, well, when you look at the fact that there was the mid-term elections, the results of sweeping in a new group and what voters did
ceiling, the debt limit, really left the president steamed. there's a lot that's personal here. can you have your strategists and consultants and got the personal emotion here. a president who felt very frustrated by what went on. could see the damage it was inflicting on his own polls and supporters through the summer, and has come out swinging as a result of that. and there's a reason for the consultants being happen we, that of course, because the big question out of the summer is about the...
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good morning, sir. >> let's raise that debt ceiling. welcome back. and now let's start with jimmy kimmel who noticed something a little strange after the bears/giants game last week. >> bears running back matt forte spoke to reporters in the locker room after the game. keep an eye on rich king in the background. >> between time of possession and not having to -- did a freight job finding open receivers. you want to win all your home games. hard to win on the road. so getting a win tonight was critically important. >> get that man a chapstick, will you? i don't know what he was doing, but mrs. king is a very lucky woman. >> well, sometimes it's vampires, but apparently zombies are hot enough to make a show about them the most watched show on television. more than 16 million people tuned into walk the walking dead's season four premiere. even beat out sunday night football. and remember, this show is on amc. they just keep cranking it out. entertainment weekly reports viewer ship is up 30% from the show's previous high. now, who is behind what many con
good morning, sir. >> let's raise that debt ceiling. welcome back. and now let's start with jimmy kimmel who noticed something a little strange after the bears/giants game last week. >> bears running back matt forte spoke to reporters in the locker room after the game. keep an eye on rich king in the background. >> between time of possession and not having to -- did a freight job finding open receivers. you want to win all your home games. hard to win on the road. so getting a...
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the debt ceiling debate, the debt ceiling position of the republicans cannot have any tax increases was very unpopular. they never moved from it. there's not been that much responsiveness in washington to public opinion. >> one of the things i've been reading is about the relative lack in this plan about doing something about the housing market. and we all know what a critical piece of the puzzle that has been to this economic downturn. is there a chance that anything else could be changed, added if there is pushback in some part of this plan? >> well, what i'm very enthused about now actually is that the white house -- in a way people don't understand it can't do that much in the housing market. fannie mae and freddie mac, the white house's leverage on housing, are controlled by ed demarco, appointed by bush and put in charge of those agencies by congress in the 2008 nationalest fannie and freddie. he's working with a program to help underwater homeowners, those who owe more than their house is worth, help refinance and bring monthly payments down. that would be a big deal. wouldn't so
the debt ceiling debate, the debt ceiling position of the republicans cannot have any tax increases was very unpopular. they never moved from it. there's not been that much responsiveness in washington to public opinion. >> one of the things i've been reading is about the relative lack in this plan about doing something about the housing market. and we all know what a critical piece of the puzzle that has been to this economic downturn. is there a chance that anything else could be...
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the deal will raise debt ceiling and deal with most of the tough questions well before the 2012 elections. the white house and top democrats and republicans agreed on over $2 trillion in budget cuts, allowing the u.s. to borrow that much more. >> it will allow us to avoid default, it will allow us to pay our bills, it will allow us to start reducing our deficit in a responsible way. >> reporter: here's the deal. almost a trillion in cuts now, much of it from the military, another trillion and a half decided by a panel of democrats and republicans in the fall, including tax reform and medicare. if they don't agree or if the government overspends, automatic cuts kick in. >> the united states of america will not for the first time in our history default on its obligations. >> this agreement won't make every republican happy. it certainly won't make every democrat happy either. >> reporter: this morning leaders on both sides meet with their members to convince them to vote yes. some are reluctant. >> on the surface it looks like a satan sandwich. >> reporter: but the markets are happy. asian
the deal will raise debt ceiling and deal with most of the tough questions well before the 2012 elections. the white house and top democrats and republicans agreed on over $2 trillion in budget cuts, allowing the u.s. to borrow that much more. >> it will allow us to avoid default, it will allow us to pay our bills, it will allow us to start reducing our deficit in a responsible way. >> reporter: here's the deal. almost a trillion in cuts now, much of it from the military, another...
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ceiling from republicans, we'll extend the debt ceiling but we don't want to put our names on it, mcconnell says this, this is the democrats' problem to fix. what's the strategy here once again when it comes to the debt ceiling, how will this thing play out? >> it's interesting because the polling is actually on the republicans' side. morning consult, politico, we just did a poll this week and asked our respondents who would you blame if there was a government shutdown, and the respondents blame the democrats because the democrats are in power right now. so they're sort of pushing this on them and they know that it's a political loser for them. and even moderates like murkowski, senator murkowski, senator cassidy, they won't even agree to fund the government, even though the democrats have bailed them out three times during the trump administration when they needed to raise the debt limit. so this is really just pure politics right now. the republicans know that they have a stronger hand and that whatever happens, the democrats will be blamed. >> so they just want to point the finger at the
ceiling from republicans, we'll extend the debt ceiling but we don't want to put our names on it, mcconnell says this, this is the democrats' problem to fix. what's the strategy here once again when it comes to the debt ceiling, how will this thing play out? >> it's interesting because the polling is actually on the republicans' side. morning consult, politico, we just did a poll this week and asked our respondents who would you blame if there was a government shutdown, and the...
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the debt ceiling but only if president obama approves the keystone pipeline. no, the house voted tonight to raise the debt ceiling through march of next year thereby assuring the world the u.s. will not default on its debt. clean rise. no policy zristrings. as late as last night, everybody expected a new demand from house republicans about what they wanted in exchange for paying the country's outstanding debts, but the house republican meeting last night where they were supposed to figure out what their demand was going to be, that meeting did not seem to two very well. republican members apparently refused to go along with their leadership. nbc news reports republican mike kelly of pennsylvania stood up and screamed to the room, "what kind of team is this?" congressman kelly reportedly received some applause for his remarks but still nowhere near enough republican members of congress fell in love behiine be supposed leaders of this supposed team. as of this morning, nobody knew what the republicans were going to do. nobody knew what house republicans were goi
the debt ceiling but only if president obama approves the keystone pipeline. no, the house voted tonight to raise the debt ceiling through march of next year thereby assuring the world the u.s. will not default on its debt. clean rise. no policy zristrings. as late as last night, everybody expected a new demand from house republicans about what they wanted in exchange for paying the country's outstanding debts, but the house republican meeting last night where they were supposed to figure out...
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for this reason, i've believed we get some deal to raise the debt ceiling. wall street was simply not going to let congress tank the economy, goldman sachs does not want america to default on its debt, so that was probably never going to happen, but i will admit i underestimated the extent to which the balance of power has shifted. it would make sense michele bachmann voted against raising the debt ceiling. she thanked their voters for raising their hands even though she couldn't see them. through the weekend michele bachmann was raising money for her promise to not raise the debt ceiling, but streets, and continuity for wall street. they wanted stability, and they didn't want the u.s. government to default on its debt. this is what wall street got from the candidate of wall street. quote, while i appreciate the extraordinarily difficult situation president obama's lack of leadership has placed republican members of congress in, i personally cannot support this deal. given a which side are you on moment, the chief threw in with the base. only after he realiz
for this reason, i've believed we get some deal to raise the debt ceiling. wall street was simply not going to let congress tank the economy, goldman sachs does not want america to default on its debt, so that was probably never going to happen, but i will admit i underestimated the extent to which the balance of power has shifted. it would make sense michele bachmann voted against raising the debt ceiling. she thanked their voters for raising their hands even though she couldn't see them....
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suspending the debt ceiling by october 1st? so that the country does not go to default? >> lawrence, i wish i could provide you assurances but right now we are seeing mitch mcconnell once again being entirely hypocritical. it is not surprising. but i do think the country will focus on what they are doing to all of us, the country, which is threatening a total economic meltdown. plain economic arson. and as we saw from an independent study from movies, threatening 6 million jobs and 16 trillion dollars in lost wealth and more. so this is what mitch mcconnell is prepared to do, apparently for political reasons. i don't understand his calculus here, i think the american people will hold him responsible if there is damage done. >> so what is happening here is that if the democrats -- if chuck schumer brings up a change to the debt ceiling, mcconnell is saying that the republicans will require a 60 vote threshold, they will block it. they don't have to do that. it used to be that no one would dare try to bring a 60 vote threshold to
suspending the debt ceiling by october 1st? so that the country does not go to default? >> lawrence, i wish i could provide you assurances but right now we are seeing mitch mcconnell once again being entirely hypocritical. it is not surprising. but i do think the country will focus on what they are doing to all of us, the country, which is threatening a total economic meltdown. plain economic arson. and as we saw from an independent study from movies, threatening 6 million jobs and 16...
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if they do not up the debt ceiling, and soon. ahead of this government shutdown, last week, the great ezra klein posited that maybe if republicans got the government shutdown they wanted, that might scratch their itch. if you'd let them have a government shutdown, that might make them less likely to also want to force an economic default, which, of course, would be way, way, way worse than even the shutdown. i think of this as ezra's ya ya hypothesis, as in, let them get their ya yas out and then things might go back to normal. it does not seem like they're getting their ya yas out. today, john boehner got some headlines, like this one in "the new york times," "republicans say boehner vows to avert federal default." competent headline until you read what his office is actually saying in the article, which is that john boehner won't up the debt ceiling, in the same way that he won't fund the government. seems like what we have got now is a government shutdown. and what is as likely or more likely to be next is that disastrous defa
if they do not up the debt ceiling, and soon. ahead of this government shutdown, last week, the great ezra klein posited that maybe if republicans got the government shutdown they wanted, that might scratch their itch. if you'd let them have a government shutdown, that might make them less likely to also want to force an economic default, which, of course, would be way, way, way worse than even the shutdown. i think of this as ezra's ya ya hypothesis, as in, let them get their ya yas out and...
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to continue to talk about things like the debt ceiling, items like immigration. you know, it is -- again, unconscionable that he would stand there and tell that boldfaced lie. he simply did not have his own party backing him up. he could not make a deal on behalf of the republicans in the house. >> reached out and made deals and he had to break the deals. you're absolutely right. but don't worry, krystal, because the president himself came out swinging and he made some very strong statements to let people know he's not backing down. he actually said they're trying to extort him. listen to this. >> you have never seen in the history of the united states the debt ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party. and trying to force issues that have nothing to do with the budget and nothing to do with the debt. >> extortion is exactly what it is, krystal. >> it's exactly right. and what's really scary here and what the president was pointing to is that you have a minority of the republican party which contro
to continue to talk about things like the debt ceiling, items like immigration. you know, it is -- again, unconscionable that he would stand there and tell that boldfaced lie. he simply did not have his own party backing him up. he could not make a deal on behalf of the republicans in the house. >> reached out and made deals and he had to break the deals. you're absolutely right. but don't worry, krystal, because the president himself came out swinging and he made some very strong...
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house speaker john boehner's debt ceiling proposal will be put to the test today with an expected vote in the house. but realistically it's going nowhere fast. the president has vowed to veto the plan. so where do things go from here? tracie potts has more from washington. good morning. >> reporter: good morning. it's a vote on a plan that democrats say will never reach the president's desk. budget officials found another $50 billion in savings, so house speaker john boehner is putting the plan to a vote today. >> the speaker's plan is on life support and it's time for him to pull the plug. >> never let them see you sweat. >> reporter: $1 trillion in cuts. it's no slam dunk, his own party wants more and complains his plan would add $7 trillion to our national debt. >> that is unacceptable and unsustainable. >> reporter: house republicans say they'd like to cut more, but democrats won't budge. >> we'd love to just go for it, but you have need a partner to dance with in the senate and we don't have one. >> it will not pass. every democratic senator will vote against it. >> reporter: demo
house speaker john boehner's debt ceiling proposal will be put to the test today with an expected vote in the house. but realistically it's going nowhere fast. the president has vowed to veto the plan. so where do things go from here? tracie potts has more from washington. good morning. >> reporter: good morning. it's a vote on a plan that democrats say will never reach the president's desk. budget officials found another $50 billion in savings, so house speaker john boehner is putting...
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> they've gone through the debt ceiling, went through in may. i wish they would raise it, but if they're going to raise it at least get structural reform and improvement so we're on a better trajectory going forward. >> wow. structural reform --. what pawlenty said last night. let me be clear, i will not vote to raise the debt limit. the congress and president should not raise the debt limit. back to her position. there he is, fighting for the far right with bachmann. we can see his strategy. he says, how i grew up in iowa references to iowa. >> common sense. in a straw poll, all he cares about. on the plank of the party. >> has to win that. >> saying things that sounds like it pleases them, not committing and can't back track. >> he's worried about the base, it appears for the moment, bachmann captured in the polls. that's what he's going to worry about right now. so he needed to say something clear and needed to fight this growing reputation pawlenty has for not taking off, not lighting a fire with anyone. >> and every time i see a picture of
> they've gone through the debt ceiling, went through in may. i wish they would raise it, but if they're going to raise it at least get structural reform and improvement so we're on a better trajectory going forward. >> wow. structural reform --. what pawlenty said last night. let me be clear, i will not vote to raise the debt limit. the congress and president should not raise the debt limit. back to her position. there he is, fighting for the far right with bachmann. we can see his...
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ceiling, debt limit fight. as i mentioned in the previous segment, bloomberg came out with a poll showing 6 in 10 americans want to see spending cuts attached to the debt limit. we want to see that you're fiscally responsible -- >> the first part of what you said, i don't think anyone will deny -- it's difficult to argue spending under the obama administration, when you consider per capita spending since eisenhower, it's the lowest it's been since eisenhower. that's fact. >> the american people say in this poll, even with the caveat that it means that we default on our debt, six in 10 still want to see spending cuts. it's smart for republicans to attack it because that's what the people want. >> here's the thing. the idea that the republicans are thinking about the fiscal responsibility and what people want, is nonsense. they're playing politics around specifically wanting to create a situation where obama is once again looks to fail. but the real price, people talk about the politics, but the price that is pai
ceiling, debt limit fight. as i mentioned in the previous segment, bloomberg came out with a poll showing 6 in 10 americans want to see spending cuts attached to the debt limit. we want to see that you're fiscally responsible -- >> the first part of what you said, i don't think anyone will deny -- it's difficult to argue spending under the obama administration, when you consider per capita spending since eisenhower, it's the lowest it's been since eisenhower. that's fact. >> the...
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. >> i, barack -- >> our debt ceiling is now $14.3 trillion. it will need to be raised in the coming year. this, by the way, is a challenge for boehner in the house. >> what the president did here is really get in a bidding war with the republicans over more tax cuts. >>> good evening again from new york. an agreement has been reached and the government shutdown has been averted. >> house and senate negotiators kick off high-stake budget negotiations led by vice president biden. >> there will be no increase in the debt limit. >> john boehner the other night in a room full of billionaires categorically refused to raise taxes. >> let's talk about the debt ceiling. officially we hit it today. >> a senate bipartisan working group lots one of its six members. >> speaker boehner and his conference arrived at the white house this morning with a failed vote on a clean raise of the debt limit. >> the bipartisan debt limit and deficit reduction negotiations led by vice president joe biden imploded today. >> having to stay there for the july 4th weekend.
. >> i, barack -- >> our debt ceiling is now $14.3 trillion. it will need to be raised in the coming year. this, by the way, is a challenge for boehner in the house. >> what the president did here is really get in a bidding war with the republicans over more tax cuts. >>> good evening again from new york. an agreement has been reached and the government shutdown has been averted. >> house and senate negotiators kick off high-stake budget negotiations led by vice...
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he just made a mistake of wasting two months completely offtopic with the debt ceiling and the debt. he's pivoting and pivoting hard. i would argue that number will go up. the question is 35 or 45? that we'll have to see. he's got some fight back on him. >> let's go to congress, he spoke about needing to work with congress, and the congress is split, to create jobs. that requires a working relationship as in previous administration this is the way he's still talking about compromise. let's listen. >> there's something we can help on, but frankly we can do more if we have congress's cooperation. those are proposals that historically have had support from republicans and democrats. eisenhower build the highway system. last time i checked he was a popular president. this is what i mean by politics getting in the way. you can't bring an attitude that says i would rather see my opponent lose than america win. you can't have that attitude. >> i don't know. >> well, here's my view of it. i think his at -- i know he wants to be harry truman and run against the do-nothing congress, but he nee
he just made a mistake of wasting two months completely offtopic with the debt ceiling and the debt. he's pivoting and pivoting hard. i would argue that number will go up. the question is 35 or 45? that we'll have to see. he's got some fight back on him. >> let's go to congress, he spoke about needing to work with congress, and the congress is split, to create jobs. that requires a working relationship as in previous administration this is the way he's still talking about compromise....
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Oct 1, 2013
10/13
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that is going to be coming right before the debt ceiling fight. you see today i dove into my bloom berg terminal do find out what people are worried about. the prices for credit default swaps had sored. reflects that people are suddenly worried that it may default and miss payments. that is annerly tremor of an earthquake if the situation doesn't clear up and get resolved pretty quick. >> speaking through the chair there, the senior center from illinois a couple of hours ago. just take a couple of examples. we have 15,000 people a day come to lake mead, spending huge amounts of money to help the economy. they come there to boat, to fish, to recreate. tomorrow morning they can't go. we have a beautiful area, recreational area just a short distance out of las vegas. when you fly into las vegas you can see the beautiful red hills. it's called red rock. over a million people a year come and visit that. not tomorrow. now, the republicans are shutting down places like that all over america because they don't believe in government and tomorrow will be a
that is going to be coming right before the debt ceiling fight. you see today i dove into my bloom berg terminal do find out what people are worried about. the prices for credit default swaps had sored. reflects that people are suddenly worried that it may default and miss payments. that is annerly tremor of an earthquake if the situation doesn't clear up and get resolved pretty quick. >> speaking through the chair there, the senior center from illinois a couple of hours ago. just take a...
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Sep 22, 2021
09/21
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they are refusing to vote to increase the debt ceiling. according to a report from a breach could wipeout $15 trillion in household wealth and surge the unemployment rate to 9%. it is so bad that six former treasury secretaries wrote a letter imploring congress to extend the limit saying allowing an unprecedented default could cause serious economic harm. confronted with the reality republicans say of course the u.s. can't default on the loans. they refuse to help democrats in any way. just two years ago mitch mcconnell made it clear the consequences of default would be dire but now he's saying republicans actually have no role to play in seeing the country stay afloat. >> so you are expecting to raise the debt ceiling one again? >> of course. we'll never have america default. america can't default. that would be a disaster. the facts are indisputable. this is a totally democratic government. they have an obligation to raise the debt ceiling and they will do it. don't play russian roulette with our economy. step up and raise the debt ceili
they are refusing to vote to increase the debt ceiling. according to a report from a breach could wipeout $15 trillion in household wealth and surge the unemployment rate to 9%. it is so bad that six former treasury secretaries wrote a letter imploring congress to extend the limit saying allowing an unprecedented default could cause serious economic harm. confronted with the reality republicans say of course the u.s. can't default on the loans. they refuse to help democrats in any way. just two...
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Feb 15, 2014
02/14
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ceiling so much so they were going to have to essentially surrender on the debt ceiling issue. just agree they couldn't agree on anything about it and have to let the democrats pass it with however many republican votes were needed to get it done. total, total collapse on the republican side. collapse day was when john boehner ended up singing zip-a-dee-doo-dah to reporters. remember? >> thanks. >> zip-a-dee-doo-dah. zip-a-dee-ay. my oh my what a wonderful day. plenty of sunshine coming my way. >> the republicans collapsed in the houns the debt ceiling. that bill passed with a smaller proportion of the minority, excuse me, of the majority than anything else since anybody's been keeping records of that. it was a democratic bill that they just gave them enough republican votes to get it done. what that meant was that the house voted to raise the debt ceiling. so then it had to go to the senate. in the senate they could have passed it by unanimous consent which means nobody casts an actual vote. they just let it pass. or the republicans could have let the democrats pass it alone.
ceiling so much so they were going to have to essentially surrender on the debt ceiling issue. just agree they couldn't agree on anything about it and have to let the democrats pass it with however many republican votes were needed to get it done. total, total collapse on the republican side. collapse day was when john boehner ended up singing zip-a-dee-doo-dah to reporters. remember? >> thanks. >> zip-a-dee-doo-dah. zip-a-dee-ay. my oh my what a wonderful day. plenty of sunshine...
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Jan 16, 2013
01/13
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the debt ceiling is not there now? >> even if you don't want to listen to the president, like, listen to fitch and moodies and all the rating agencies who say this is not an economic issue. this is a political crisis that the united states is going through right now. and the thing about this, rev, is that this is a policy without a constituency. who backs this? who backs the idea to say basically, we're going to spend and spend and spend. and when the bills come up, we're not going to debate how we're going to spend in the future. if you want to have a larger conversation about spending, then we can have a larger conversation about spending. the moment we confuse them is when we start damaging the long term prospects of where this country can be economically. >> but nia, in fairness, there have been, at least in this area, some prominent republicans that are starting to point out that this is a little too far up here. senator murkowski says if you incur an obligation, you have the responsibility to pay for that. and th
the debt ceiling is not there now? >> even if you don't want to listen to the president, like, listen to fitch and moodies and all the rating agencies who say this is not an economic issue. this is a political crisis that the united states is going through right now. and the thing about this, rev, is that this is a policy without a constituency. who backs this? who backs the idea to say basically, we're going to spend and spend and spend. and when the bills come up, we're not going to...
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Feb 11, 2014
02/14
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and here is one of the reasons why democrats held the cards in this debt ceiling standoff. you have some republicans who would vote against any type of debt ceiling increase even if republicans were able to get something in return. some tea party republicans say, look, i don't position we should ever increase the debt ceiling. when you take those people off the table, all of a sudden republicans don't have the 217, 218 votes just to pass something by their caucus alone, which requires democratic votes. and the obama administration changed their strategy on this. in 2011, they said, look, republican, we'll negotiate with you, we want the debt ceiling increased, what would you guys like in return and of course we ended up seeing the debt ceiling standoff from 2011. after president obama's re-election victory, they said we're not going to negotiate on the debt ceiling anymore, we're happy to have budget negotiations outside the parameters of raising the get ceiling, but we're not going to negotiate. and it seems that this tactic has worked for the obama white house. >> this is
and here is one of the reasons why democrats held the cards in this debt ceiling standoff. you have some republicans who would vote against any type of debt ceiling increase even if republicans were able to get something in return. some tea party republicans say, look, i don't position we should ever increase the debt ceiling. when you take those people off the table, all of a sudden republicans don't have the 217, 218 votes just to pass something by their caucus alone, which requires...